Market Wrap

Marketwrap

04 April 2016

Market wrap

By Bidvest Bank

04-04-2016

US:
The latest payrolls figures for Mar were on the
strong side despite some mixed dynamics in the internals of the report.
Headline payrolls growth remained stellar in excess of 200k with topside
revisions to priors to boot. The unemployment rate paradoxically ticked up for
the first time in nearly a year despite this, however ...

29 March 2016

Market wrap

By Bidvest Bank

29-03-2016

US:
The US data card was off to a characteristically
mixed start to the week, but the most focus was on the sharp downside revision
to Jan’s personal spending figure to 0.1% from 0.5% previously. The robust
growth in the personal income figure was not revised, however, suggesting that
as with retail sales figures there ...

14 March 2016

Market wrap

By Bidvest Bank

14-03-2016

US:
The US card was capped off with the low tier
import and export prices release, with both the annual readings contracting for
their eight and nine months respectively. On the import price side, deflation
remains an oil-dominated story with the ex-petroleum figure virtually flat
while oil plunged another 4%. A subsequent stabilization and rebound ...

07 March 2016

Market wrap

By Bidvest Bank

07-03-2016

US:
Labour market indicators continue showing no
signs of distress in the US with the latest payrolls figure in fact blowing out
expectations with a 242k print and topside revisions to boot. Private payrolls
growth likewise exceed 200k in spite of one of the deepest contractions in
manufacturing sector employment in the post-crisis era. This ...

29 February 2016

Market wrap

By Bidvest Bank

29-02-2016

US:
The US data card ended last week on an even
stronger basis in terms of consumptive and inflation gauges. Personal income
was up sharply as presaged by the strong payrolls figures of late, but of more
note was personal consumption growing at the fastest rate in 8 months. With the
industrial and trade sectors ...

22 February 2016

Market wrap

By Bidvest Bank

22-02-2016

US:
The US data card was capped off last week with
the latest consumer inflation figures for Jan. A big jump on the headline
annual reading transpired, from 0.7% to a new 1-year high of 1.4%, driven by
more favourable base effects coming into play. Core CPI had already shown the
way higher in this ...

15 February 2016

Market wrap

By Bidvest Bank

15-02-2016

US:
The main data release for last week in the form
of retail sales was broadly strong with solid beats to headline and core
readings. In fact the strong performance on the GDP-inputted control group
figure prompted the Atlanta Fed to revise its Q1 GDP tracking estimate up to
2.7% from 2.5%, now well-above Street ...

08 February 2016

Market wrap

By Bidvest Bank

08-02-2016

US:
The first payrolls report for 2016 was a mixed
affair, characteristic of US outcomes over recent months. Headline payrolls
missed expectations of 190k sharply at 151k with downside revisions to the
lofty priors, however the impact of this figure on policy has been severely
diminished since several FOMC members have noted their comfort with ...

01 February 2016

Market wrap

By Bidvest Bank

01-02-2016

US:
GDP for 2015 capped off the year with just 1.8%
annual growth, the lowest since 2011 and missing Fed expectations for more than
2.0%. Q4 q/q annualized was just 0.7%, missing the Atlanta Fed’s 1.0% estimate.
The softness of this outcome comes as no surprise given the offshore and energy
sector headwinds. Aggregate growth ...

25 January 2016

Market wrap

By Bidvest Bank

25-01-2016

US:
The US data card was a mixed affair on Friday,
but featured strong headline readings on the major figures of December existing
home sales and the January Markit manufacturing PMI. The former saw a sharp
rebound on sales from an anomalous slump in November. An uptick on the
manufacturing PMI was perhaps more notable ...

Bidvest Bank Limited (Reg no 2000/006478/06) is a licensed financial services and registered credit provider, NCRCP17. The only valid Bidvest Bank website is www.bidvestbank.co.za or www.bidvestbank.com.
Beware of websites purporting to be either a Bidvest Bank website or a site associated with Bidvest Bank - these sites are fraudulent. Please report any such site to fraudsquad@bidvestbank.co.za.